What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

published:07 Apr 2013

views:163533

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX
Find CBC News on Facebook: http://bit.ly/1WjG36m
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Follow CBC News on Instagram: http://bit.ly/1Z0iE7O
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Download the CBC News app for Android: http://bit.ly/1XxuozZ
»»»»»»»»»»»»»»»»»»
For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

published:05 Nov 2017

views:58336

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

published:04 Mar 2017

views:61569

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

published:23 May 2013

views:21751

https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate
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published:08 Nov 2017

views:10900

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

published:26 Apr 2016

views:29316

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
Please subscribe HERE http://bit.ly/1rbfUog
WorldIn Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP
Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP
Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246

published:05 Nov 2017

views:220127

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

published:06 Nov 2017

views:719

Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

History

The Cayman Islands remained largely uninhabited until the 17th century. While there is no archaeological evidence for an indigenous people on the islands, a variety of settlers from various backgrounds made their home on the islands, including pirates, refugees from the Spanish Inquisition, shipwrecked sailors, and deserters from Oliver Cromwell's army in Jamaica.

The first recorded permanent inhabitant of the Cayman Islands, Isaac Bodden, was born on Grand Cayman around 1661. He was the grandson of the original settler named Bodden who was probably one of Oliver Cromwell's soldiers at the taking of Jamaica in 1655.

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

3:00

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Paradise Papers: How tax havens work and why they are a problem

Tax havens and offshore accounts and trusts, detailed in the ParadisePapers, are used by the world's wealthiest to legally avoid paying taxes. Here's how they work and why they are a problem.
To read more: http://www.cbc.ca/paradisepapers
SOURCE LIST:
CBCNews | Paradise Papers investigation
http://www.cbc.ca/paradisepapers
International Consortium of Investigative Journalists | Paradise Papers investigation
https://www.icij.org/investigations/paradise-papers/
CBC News | Tax havens: How the rich hide money
http://www.cbc.ca/news2/interactives/offshore-tax-havens/index.htmlICIJ | Tax havens 101: The high cost of going offshore
https://www.youtube.com/watch?v=gy2RgjIIZyA
CBC News | Huge offshore data leak reveals financial secrets of global elite — from the Queen to former PMs http://www.cbc.ca/1.4387338
CBC News | How Canada got into bed with tax havens
http://www.cbc.ca/1.3641278
CBC News | Deals Canada signed to catch tax cheats allow billions in taxes to escape
http://www.cbc.ca/1.3639597
CBC News | Canadian ties exposed in leaked Bahamas tax-haven data
http://www.cbc.ca/1.3771867
Department of Finance Canada | Tax Information Exchange Agreements
https://www.fin.gc.ca/treaties-conventions/tieaaerf-eng.asp
»»» Subscribe to CBC News to watch more videos: http://bit.ly/1RreYWS
Connect with CBC News Online:
For breaking news, video, audio and in-depth coverage: http://bit.ly/1Z0m6iX
Find CBC News on Facebook: http://bit.ly/1WjG36m
Follow CBC News on Twitter: http://bit.ly/1sA5P9H
For breaking news on Twitter: http://bit.ly/1WjDyks
Follow CBC News on Instagram: http://bit.ly/1Z0iE7O
Download the CBC News app for iOS: http://apple.co/25mpsUz
Download the CBC News app for Android: http://bit.ly/1XxuozZ
»»»»»»»»»»»»»»»»»»
For more than 75 years, CBC News has been the source Canadians turn to, to keep them informed about their communities, their country and their world. Through regional and national programming on multiple platforms, including CBC Television, CBC News Network, CBC Radio, CBCNews.ca, mobile and on-demand, CBC News and its internationally recognized team of award-winning journalists deliver the breaking stories, the issues, the analyses and the personalities that matter to Canadians.

43:00

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

16:50

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: https://democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
Facebook: http://facebook.com/democracynow
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5:48

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

13:27

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
Please subscribe HERE http://bit.ly/1rbfUog
WorldIn Pictures https://www.youtube.com/playlist?list=PLS3XGZxi7cBX37n4R0UGJN-TLiQOm7ZTP
Big Hitters https://www.youtube.com/playlist?list=PLS3XGZxi7cBUME-LUrFkDwFmiEc3jwMXP
Just Good News https://www.youtube.com/playlist?list=PLS3XGZxi7cBUsYo_P26cjihXLN-k3w246

5:02

How the rich are putting money in offshore tax havens

How the rich are putting money in offshore tax havens

How the rich are putting money in offshore tax havens

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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18:04

KPMG allegedly involved in offshore tax "sham"

KPMG allegedly involved in offshore tax "sham"

KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore, BVI)
Specifically, I cover
- Tax costs of both models (Income Tax, Capital Gains Tax, Withholding Tax)
- Privacy Benefits (using trustees, tax reporting requirements)
- Banking options!
As always, if you have a question about offshore companies/banking or e-Residency, post in the comments below!

4:12

Paradise Papers: Global elite used offshore accounts to avoid taxes

Paradise Papers: Global elite used offshore accounts to avoid taxes

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

5:33

'Paradise Papers' leak shines light on offshore tax havens

'Paradise Papers' leak shines light on offshore tax havens

'Paradise Papers' leak shines light on offshore tax havens

The InternationalConsortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens.
Subscribe to CTVNews to watch more videos: https://www.youtube.com/ctvnews
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---
CTV News is Canada's most-watched news organization both locally and nationally, and has a network of national, international, and local news operations.

1:55

Panama Papers: How do offshore shell companies work? - TomoNews

Panama Papers: How do offshore shell companies work? - TomoNews

Panama Papers: How do offshore shell companies work? - TomoNews

PANAMACITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens.
Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes.
Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for as little as US$1,000, reported Vice in a 2014 article.
On paper, these shell companies act as the intermediaries that own the wealth, whether that asset is a painting or a Swiss bank account. Because of the complex organizational structure of these shell companies, it's very difficult to figure out who a company actually belongs to.
Setting up a shell company is not illegal and its existence is not always for a nefarious reason. A shell company may be established as a way to for one to save up funds to open a business. It may also act as a front for a project that a well-known company wants to keep from the public's eye until it's ready. According to Vox, Apple for example, may have created a shell company called SixtyEight Research as a front for a car project.
However, these shells are often used as tax or legal loopholes, as setting up a shell company doesn't require much identification, which allows their ultimate owners to evade scrutiny.
UC Berkeley economics professor Gabriel Zucman estimates that there is least US$7.6 trillion kept in offshore tax havens. However, due to the nature of tax havens, it's difficult to know for sure what the true amount is.
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0:52

Britain's offshore tax havens

Britain's offshore tax havens

Britain's offshore tax havens

A large cache of leaked documents has revealed that more than £10 million of the Queen’s private wealth has been invested offshore and in a UK company accused of preying on Britain’s poorest people.
Details of the investments were leaked as part of the ParadisePapers on Sunday, a trove of more than 13 million documents from the world’s leading offshore law firms released through the InternationalConsortium for Investigative Journalists (ICIJ), of which the BBC is a part.
More than 120,000 people and companies have been identified during the leak, including Queen Elizabeth II.
MORE: https://on.rt.com/8rhs
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The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

2:16

Using A UK Company In Offshore Tax Planning - Part 1

Using A UK Company In Offshore Tax Planning - Part 1

Using A UK Company In Offshore Tax Planning - Part 1

Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...
Using A UK Company In Offshore Tax Planning - PART 1
A UK company can be used in a number of ways:
Treaty non resident
Although a UK incorporated company is typically subject to UK corporation tax at effective rates of up to 23.75% it can gain significant advantages if it's treaty resident overseas.
Under the provisions a company incorporated in the UK, but qualifying as a resident of some other country for the purposes of a tax treaty, is to be treated for UK tax purposes as not UK resident. This is clearly very attractive in terms of UK tax, as a non resident company would be exempt from UK tax on gains as well as overseas income.
In terms of overseas tax you'd need to ensure that the treaty was with a country that taxed the company profits at low or nil rates eg:
A company incorporated in the UK but resident in Mauritius may have a tax rate as low as 1.5%.
A company resident in Singapore will pay no tax on any of its foreign income,
A company resident in Malaysia will be exempt from tax on most foreign income
A company resident in Barbados will pay local tax on its foreign income only if it remits income to Barbados. None of these countries levy any tax on capital gains.
Therefore a UK incorporated company treaty resident in a suitable jurisdiction can have the best of both worlds.
Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...

published: 04 Mar 2017

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands...

https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly sever...

published: 08 Nov 2017

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesse...

published: 26 Apr 2016

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
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published: 05 Nov 2017

How the rich are putting money in offshore tax havens

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis ...

published: 04 Mar 2017

KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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»»» »»» »»» »»» »»»
The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leadin...

In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore, BVI)
Specifically, I cover
- Tax costs of both models (Income Tax, Capital Gains Tax, Withholding Tax)
- Privacy Benefits (using trustees, tax reporting requirements)
- Banking options!
As always, if you have a question about offshore companies/banking or e-Residency, post in the comments below!

published: 02 Nov 2017

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
Find RT America in your area: http://rt.com/where-to-watch/
Or watch us online: http://rt.com/on-air/rt-america-air/
Like us on Facebook http://www.facebook.com/RTAmerica
Follow us on Twitter http://twitter.com/RT_America

published: 06 Nov 2017

'Paradise Papers' leak shines light on offshore tax havens

The InternationalConsortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens.
Subscribe to CTVNews to watch more videos: https://www.youtube.com/ctvnews
Connect with CTV News:
For the latest news visit: http://www.ctvnews.ca/
For a full video offering visit the CTV News Network: http://www.ctvnews.ca/video
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CTV News on Pinterest: https://www.pinterest.com/ctvnews
---
CTV News is Canada's most-watched news organization both locally and nationally, ...

published: 05 Nov 2017

Panama Papers: How do offshore shell companies work? - TomoNews

PANAMACITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens.
Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes.
Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for a...

published: 06 Apr 2016

Britain's offshore tax havens

A large cache of leaked documents has revealed that more than £10 million of the Queen’s private wealth has been invested offshore and in a UK company accused of preying on Britain’s poorest people.
Details of the investments were leaked as part of the ParadisePapers on Sunday, a trove of more than 13 million documents from the world’s leading offshore law firms released through the InternationalConsortium for Investigative Journalists (ICIJ), of which the BBC is a part.
More than 120,000 people and companies have been identified during the leak, including Queen Elizabeth II.
MORE: https://on.rt.com/8rhs
Like what you see? Please subscribe http://youtube.com/RTUKnews
FOLLOW ON TWITTER: http://twitter.com/RTUKnews
FOLLOW ON FACEBOOK: http://fb.com/RTUKnews
READ MORE http://rt.com/...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Ber...

published: 29 May 2017

Using A UK Company In Offshore Tax Planning - Part 1

Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...
Using A UK Company In Offshore Tax Planning - PART 1
A UK company can be used in a number of ways:
Treaty non resident
Although a UK incorporated company is typically subject to UK corporation tax at effective rates of up to 23.75% it can gain significant advantages if it's treaty resident overseas.
Under the provisions a company incorporated in the UK, but qualifying as a resident of some other country for the purposes of a tax treaty, is to be treated for UK tax purposes as not UK resident. This is clearly very attractive in terms of UK tax, as a non resident company would be exempt from UK tax on gains as well as overseas income.
In terms of overseas tax you'd need ...

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley...

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it c...

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

published:04 Mar 2017

views:61569

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The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain typ...

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian.
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https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
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Top 10 Offshore Tax Havens You Can Still Stash Your Cash

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Heads of state, former heads of state, heads of government, former heads of government, relatives and associates o...

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Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of ca...

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
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A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
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How the rich are putting money in offshore tax havens

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of i...

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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Engadget is the definitive guide to this connected life.

KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' design...

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
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KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under ...

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
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The National is CBC Television's flagship news program. Airing seven days a week, the show delivers news, feature documentaries and analysis from some of Canada's leading journalists.

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
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In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore,...

In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore, BVI)
Specifically, I cover
- Tax costs of both models (Income Tax, Capital Gains Tax, Withholding Tax)
- Privacy Benefits (using trustees, tax reporting requirements)
- Banking options!
As always, if you have a question about offshore companies/banking or e-Residency, post in the comments below!

In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore, BVI)
Specifically, I cover
- Tax costs of both models (Income Tax, Capital Gains Tax, Withholding Tax)
- Privacy Benefits (using trustees, tax reporting requirements)
- Banking options!
As always, if you have a question about offshore companies/banking or e-Residency, post in the comments below!

Paradise Papers: Global elite used offshore accounts to avoid taxes

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a ...

The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
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The so-called "ParadisePapers," a leak of 13.4 million files, have named people and companies from around the globe who shelter their wealth in tax havens ‒ a practice blamed for draining billions of dollars from national coffers. RT America’s Alex Mihailovich names the names listed in the leak.
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The InternationalConsortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens.
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The InternationalConsortium of Investigative Journalists' Will Fitzgibbon on the leak and what it could mean for offshore tax havens.
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PANAMACITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens.
Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes.
Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for as little as US$1,000, reported Vice in a 2014 article.
On paper, these shell companies act as the intermediaries that own the wealth, whether that asset is a painting or a Swiss bank account. Because of the complex organizational structure of these shell companies, it's very difficult to figure out who a company actually belongs to.
Setting up a shell company is not illegal and its existence is not always for a nefarious reason. A shell company may be established as a way to for one to save up funds to open a business. It may also act as a front for a project that a well-known company wants to keep from the public's eye until it's ready. According to Vox, Apple for example, may have created a shell company called SixtyEight Research as a front for a car project.
However, these shells are often used as tax or legal loopholes, as setting up a shell company doesn't require much identification, which allows their ultimate owners to evade scrutiny.
UC Berkeley economics professor Gabriel Zucman estimates that there is least US$7.6 trillion kept in offshore tax havens. However, due to the nature of tax havens, it's difficult to know for sure what the true amount is.
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https://www.youtube.com/watch?v=4prKTN9bYQc
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PANAMACITY — An anonymous person from a Panamanian law firm, Mossack Fonseca, has leaked millions of documents describing how some of the world's richest hide money in offshore havens.
Although the spotlight is currently on Panama, tax havens like Panama exist all over the world. People use them to circumvent regulations that protect transparency, as well as to avoid paying taxes in their home countries. Shell companies are often established in cities and countries that have lax rules governing transparency and financial disclosure, or more lenient criminal laws. Using tax havens isn't always about paying less taxes.
Wealth isn't necessarily kept within tax haven countries. Often such places only serve as addresses for shell companies, which exist solely on paper, and are created for as little as US$1,000, reported Vice in a 2014 article.
On paper, these shell companies act as the intermediaries that own the wealth, whether that asset is a painting or a Swiss bank account. Because of the complex organizational structure of these shell companies, it's very difficult to figure out who a company actually belongs to.
Setting up a shell company is not illegal and its existence is not always for a nefarious reason. A shell company may be established as a way to for one to save up funds to open a business. It may also act as a front for a project that a well-known company wants to keep from the public's eye until it's ready. According to Vox, Apple for example, may have created a shell company called SixtyEight Research as a front for a car project.
However, these shells are often used as tax or legal loopholes, as setting up a shell company doesn't require much identification, which allows their ultimate owners to evade scrutiny.
UC Berkeley economics professor Gabriel Zucman estimates that there is least US$7.6 trillion kept in offshore tax havens. However, due to the nature of tax havens, it's difficult to know for sure what the true amount is.
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Britain's offshore tax havens

A large cache of leaked documents has revealed that more than £10 million of the Queen’s private wealth has been invested offshore and in a UK company accused o...

A large cache of leaked documents has revealed that more than £10 million of the Queen’s private wealth has been invested offshore and in a UK company accused of preying on Britain’s poorest people.
Details of the investments were leaked as part of the ParadisePapers on Sunday, a trove of more than 13 million documents from the world’s leading offshore law firms released through the InternationalConsortium for Investigative Journalists (ICIJ), of which the BBC is a part.
More than 120,000 people and companies have been identified during the leak, including Queen Elizabeth II.
MORE: https://on.rt.com/8rhs
Like what you see? Please subscribe http://youtube.com/RTUKnews
FOLLOW ON TWITTER: http://twitter.com/RTUKnews
FOLLOW ON FACEBOOK: http://fb.com/RTUKnews
READ MORE http://rt.com/uk/
WATCH LIVE: http://rt.com/on-air/rt-uk-air/

A large cache of leaked documents has revealed that more than £10 million of the Queen’s private wealth has been invested offshore and in a UK company accused of preying on Britain’s poorest people.
Details of the investments were leaked as part of the ParadisePapers on Sunday, a trove of more than 13 million documents from the world’s leading offshore law firms released through the InternationalConsortium for Investigative Journalists (ICIJ), of which the BBC is a part.
More than 120,000 people and companies have been identified during the leak, including Queen Elizabeth II.
MORE: https://on.rt.com/8rhs
Like what you see? Please subscribe http://youtube.com/RTUKnews
FOLLOW ON TWITTER: http://twitter.com/RTUKnews
FOLLOW ON FACEBOOK: http://fb.com/RTUKnews
READ MORE http://rt.com/uk/
WATCH LIVE: http://rt.com/on-air/rt-uk-air/

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax haven...

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

The world of offshore accounts, shell companies and tax havens extends far beyond the fictional legal thrillers you see on the silver screen. Offshore tax havens — countries or territories where taxes are assessed at a low or nonexistent rate — are very much a reality, and U.S.-based multinational corporations play a starring role in the real-life drama.
According to a 2016 report by Citizens for Tax Justice, 367 companies in the Fortune 500 operate subsidiaries in tax-haven nations around the globe.
Just like major corporations, individuals can take advantage of the web of financial loopholes and legislation that foreign countries offer. Click through to discover 12 of these tax havens, which might help you pay less on your tax bill this year or at some point in the future.
BERMUDA
Bermuda earned the dubious distinction of ranking No. 1 on Oxfam’s 2016 list of the world’s worst corporate tax havens. Bermuda features a zero percent corporate tax rate, as well as no personal income tax rate. Due to the lack of corporate taxes, U.S. multinational companies have raked in huge amounts of money in Bermuda, notably recording profits of $80 billion in 2012. That amount exceeded their profits reported in Japan, China, France and Germany combined.
NETHERLANDS
The most popular tax haven among the Fortune 500 is the Netherlands, with more than half of the Fortune 500 reporting at least one subsidiary there. Oxfam’s list of the worst corporate tax havens placed this Benelux country at No. 3.
National governments often use tax incentives to lure businesses to invest in their country. However, far too often tax incentives have been found to be ineffective, inefficient and costly, according to Oxfam. In the Netherlands, one such tax incentive cost an estimated 1.2 billion euros in 2016. That is equivalent to 7.6 percent of what the Netherlands receives in total income from corporation tax.
LUXEMBOURG
Like the Netherlands, Luxembourg is one of the three countries that form the Benelux countries, which also have a reputation for being tax shelters. Luxembourg’s tax-haven status comes from its business-friendly laws that allow international companies to park portions of their business in the nation and dodge billions in tax bills. Tax-friendly characteristics include tax incentives, zero percent withholding taxes and evidence of large-scale profit shifting, according to Oxfam.
CAYMAN ISLANDS
The Cayman Islands offer “probably the biggest (tax) loophole now for individuals as well as the multinational corporations,” said CrystalStranger, Los Angeles-based tax operations director at 1st Tax Inc. The Cayman Islands come in at No. 2 on Oxfam’s list of the worst tax havens.
The Caymans are a British Overseas Territory, a designation that seems to be a common thread running through several tax havens on the Oxfam list. The Caymans and other countries with laws that allow a corporation to be formed and retain assets without paying tax, Stranger said. “When held for business purposes, this is perfectly legal and not a tax-avoidance strategy,” she said.
However, the tax advantages and implications are complex, and a professional is probably best equipped to handle them, she said.
The tax benefits can be worthwhile to the many businesses from the U.S. and around the world that have assets in the Caymans. In 2012, American multinational companies reported $46 billion in profits from subsidiaries based in the Cayman Islands, according to a report by Citizens for Tax Justice. That compared to a gross domestic product of just $3 billion for the territory.
SINGAPORE
This tiny sovereign city-state was once a British colony, and now is a hub for multinational corporate subsidiaries. Like the Netherlands and Luxembourg, Singapore actually has “reasonable” nominal corporate tax rates, according to Oxfam. Yet, like those nations, Singapore still finds a way to be one of the top tax havens in the world.
Singapore circumvents its “reasonable” corporate tax rates through tax incentives, lack of withholding taxes and what appears to be substantial profit shifting, according to the Oxfam report.
CHANNEL ISLANDS
Located between England and France, the Channel Islands host hundreds of international corporate subsidiaries. For example, Morgan Stanley alone has 33 tax haven subsidiaries in the Channel Islands, according to a report by the Citizens for Tax Justice.
The Channel Islands consist of two British Crown dependencies:
The Bailiwick of Jersey, consisting of Jersey
The Bailiwick of Guernsey, consisting of three separate jurisdictions: Guernsey, Alderney and SarkCrown dependencies are not part of the United Kingdom, but are instead self-governing territories.
Jersey’s status as a tax haven rose in the mid-20th century, when many rich British citizens moved their wealth to the island. At that time

Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...
Using A UK Company In Offshore Tax Planning - PART 1
A UK company can be used in a number of ways:
Treaty non resident
Although a UK incorporated company is typically subject to UK corporation tax at effective rates of up to 23.75% it can gain significant advantages if it's treaty resident overseas.
Under the provisions a company incorporated in the UK, but qualifying as a resident of some other country for the purposes of a tax treaty, is to be treated for UK tax purposes as not UK resident. This is clearly very attractive in terms of UK tax, as a non resident company would be exempt from UK tax on gains as well as overseas income.
In terms of overseas tax you'd need to ensure that the treaty was with a country that taxed the company profits at low or nil rates eg:
A company incorporated in the UK but resident in Mauritius may have a tax rate as low as 1.5%.
A company resident in Singapore will pay no tax on any of its foreign income,
A company resident in Malaysia will be exempt from tax on most foreign income
A company resident in Barbados will pay local tax on its foreign income only if it remits income to Barbados. None of these countries levy any tax on capital gains.
Therefore a UK incorporated company treaty resident in a suitable jurisdiction can have the best of both worlds.
Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...

Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...
Using A UK Company In Offshore Tax Planning - PART 1
A UK company can be used in a number of ways:
Treaty non resident
Although a UK incorporated company is typically subject to UK corporation tax at effective rates of up to 23.75% it can gain significant advantages if it's treaty resident overseas.
Under the provisions a company incorporated in the UK, but qualifying as a resident of some other country for the purposes of a tax treaty, is to be treated for UK tax purposes as not UK resident. This is clearly very attractive in terms of UK tax, as a non resident company would be exempt from UK tax on gains as well as overseas income.
In terms of overseas tax you'd need to ensure that the treaty was with a country that taxed the company profits at low or nil rates eg:
A company incorporated in the UK but resident in Mauritius may have a tax rate as low as 1.5%.
A company resident in Singapore will pay no tax on any of its foreign income,
A company resident in Malaysia will be exempt from tax on most foreign income
A company resident in Barbados will pay local tax on its foreign income only if it remits income to Barbados. None of these countries levy any tax on capital gains.
Therefore a UK incorporated company treaty resident in a suitable jurisdiction can have the best of both worlds.
Visit Us Today!
http://www.wealthprotectionreport.co.uk
Online Tax Planning and Tax Publishing
View Our Latest...

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man of...

published: 04 Mar 2017

Inside Story - Taking on the tax havens

Subscribe to our channel http://bit.ly/AJSubscribe
A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers...

For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents reviewed by media partners around the world, including NDR and WDR. A total of 370 journalists from 78 countries evaluated around 11.5 million documents in the course of their reporting on the “PanamaPapers.” An anonymous source provided the data to Germany’s Süddeutsche Zeitung. The paper then shared it with the International Consortium of Investigative Journalists (ICIJ) and partners across the globe, including NDR and WDR.
http://www.daserste.de

The Tax Free Tour - (vpro backlight documentary - 2013)

"Where do multinationals pay taxes and how much?" Gaining insight from international tax experts, Backlight takes a look at tax havens, the people who live there and the routes along which tax is avoided globally. Those routes go by resounding names like 'Cayman Special', 'Double Irish', and 'Dutch Sandwich'.
A financial world operates in the shadows surrounded by a high level of secrecy. A place where sizeable capital streams travel the world at the speed of light and avoid paying tax. The Tax Free Tour is an economic thriller mapping the systemic risk for governments and citizens alike. Is this the price we have to pay for globalised capitalism? At the same time, the free online game "Taxodus" by Femke Herregraven is launched. In the game, the player can select the profile of a multina...

published: 25 Mar 2013

Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over".
In this lecture we will explore the following questions:
* What is the nature of the international tax evasion problem, particularly for Canada?
* How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money?
* Is th...

How to move your e-commerce business offshore: Nomad Capitalist on eCommerce Fuel

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the eCommerce Fuel podcast about how to move your online business offshore, save on taxes, and protect your privacy.
http://www.nomadcapitalist.com
What does it take to be a global entrepreneur? Andrew joins the SuccessHarbor podcast to talk about his favorite places for entrepreneurs to live, do business, and invest overseas.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personall...

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit...

The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black?
This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada.
Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to ...

published: 05 May 2016

Inside the Secretive World of Tax-Avoidance Experts

A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions.
SPEAKERS
BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf

published: 05 May 2016

How the Rich Beat the Taxman (2010)

With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the government.
George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us?
Barnett visits a number of offshore tax havens around the world still under control of Britain, including the Cayman Islands and the British Virgin Islands, to find out more about tax avoidance ploys.
http://www.thedossier.info/
https://twitter.com/theDossier_info

Why a Competitive Tax System is a Bad Tax System - Nicholas Shaxson

AuthorNicholas Shaxson delivers a talk all about the dangerous fallacy of competing tax rates: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offshore-onshore-or-mid-shore-financial-centres
Nicholas Shaxson, author of Treasure islands, ventures into the lions' den to deliver his lecture on why a 'competitive tax rate' is a term of economic illiteracy. Mr Shaxson shows how this term has been misused and perverted to apply the microeconomic tenets to the macroeconomic scale even as it ignores fundamentals of tax as part of a nation's economy. A challenging lecture that highlights many important issues in finance today.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore cent...

TAXES FOR DIGITAL NOMADS | INTERVIEW WITH THE NOMAD CAPITALIST

Today, I'm excited to welcome Andrew Henderson from the Nomad Capitalist to talk about all things taxes and offshore strategy for digital nomads.
I'm been following up with Andrew since the start of the year and finally we meet in Belgrade to talk about your concerns regarding taxes.
To read more about offshore strategy and get in contact with Andrew, visit http://www.nomadcapitalist.com/
or to learn more about getting started as nomad, click the following link to grab my guide to location independence for free
http://christhefreelancer.com/free-guide
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My Essential Equipment
Canon G7X - http://amzn.to/2aIXr1Q
Joby GorillaPod SLRZoom - http://amzn.to/2aIY37I
Manfrotto Tripod - http://amzn.to/2aHHjdS
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Find me on...Facebook at http...

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it c...

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
Subscribe for more videos from the fifth estate : http://bit.ly/25W8cpn
Connect with the fifth estate online :
Website : http://bit.ly/1d0FBxq
Facebook : http://bit.ly/1UO9B8S
Twitter : http://bit.ly/237VM8P
Instagram : http://bit.ly/25W8SLs
About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

Inside Story - Taking on the tax havens

Subscribe to our channel http://bit.ly/AJSubscribe
A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in...

Subscribe to our channel http://bit.ly/AJSubscribe
A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

Subscribe to our channel http://bit.ly/AJSubscribe
A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
Social Media links:
Facebook: https://www.facebook.com/aljazeera
Instagram: https://instagram.com/aljazeera/?ref=...
Twitter: https://twitter.com/ajenglish
Website: http://www.aljazeera.com/
google+: https://plus.google.com/+aljazeera/posts

For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents review...

For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents reviewed by media partners around the world, including NDR and WDR. A total of 370 journalists from 78 countries evaluated around 11.5 million documents in the course of their reporting on the “PanamaPapers.” An anonymous source provided the data to Germany’s Süddeutsche Zeitung. The paper then shared it with the International Consortium of Investigative Journalists (ICIJ) and partners across the globe, including NDR and WDR.
http://www.daserste.de

For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents reviewed by media partners around the world, including NDR and WDR. A total of 370 journalists from 78 countries evaluated around 11.5 million documents in the course of their reporting on the “PanamaPapers.” An anonymous source provided the data to Germany’s Süddeutsche Zeitung. The paper then shared it with the International Consortium of Investigative Journalists (ICIJ) and partners across the globe, including NDR and WDR.
http://www.daserste.de

Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore f...

Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over".
In this lecture we will explore the following questions:
* What is the nature of the international tax evasion problem, particularly for Canada?
* How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money?
* Is the Canada Revenue Agency doing anything to bring tax evaders to justice? (or is that the job of the CBC?)
* Is the era of banking secrecy really over?
Presented by ProfessorGeoffrey Loomer, Schulich School of Law on February 12, 2014.MINILAW SCHOOL is a free series of engaging public lectures that will give you a taste of what a legal education is all about. There's no cost to attend - and better still, no tests to write - just come with a curious ear to listen to fascinating lectures from some of the law school's most talented faculty.
For more information, visit our website: dal.ca/law
Thanks for watching!

Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over".
In this lecture we will explore the following questions:
* What is the nature of the international tax evasion problem, particularly for Canada?
* How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money?
* Is the Canada Revenue Agency doing anything to bring tax evaders to justice? (or is that the job of the CBC?)
* Is the era of banking secrecy really over?
Presented by ProfessorGeoffrey Loomer, Schulich School of Law on February 12, 2014.MINILAW SCHOOL is a free series of engaging public lectures that will give you a taste of what a legal education is all about. There's no cost to attend - and better still, no tests to write - just come with a curious ear to listen to fascinating lectures from some of the law school's most talented faculty.
For more information, visit our website: dal.ca/law
Thanks for watching!

How do the world’s richest companies and individuals hide their earnings from taxation and conceal controversial business deals? Spearheaded by the Internationa...

How do the world’s richest companies and individuals hide their earnings from taxation and conceal controversial business deals? Spearheaded by the International Consortium of Investigative Journalists (ICIJ), the ParadisePapers investigation reveals the offshore holdings of more wealthy corporations, political figures and notable names, like Apple, Nike, Queen Elizabeth II and even Nelson Mandela’s estate. The investigation sparked new calls to close tax loopholes for companies stashing profits in shell companies in island countries like Bermuda and the Cayman Islands, and raised new questions about connections between the Russian government and figures in the Trump administration. Encompassing 13.4 million records on financial holdings in 19 different jurisdictions, this cache of documents is the largest leak exposing offshore accounts, dwarfing even the Panama Papers leak in 2016.
Join us to talk with MarinaWalker Guevara, Deputy Director of the ICIJ, about the Paradise Papers project and sift through what these revelations could mean for the offshore accounts of the global elite.
SPEAKER:
Marina Walker Guevara
Deputy Director, International Consortium of Investigative Journalists
MODERATOR:
QuentinHardyHead of Editorial, Google Cloud
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1786
------------------------------------------------------------------------------------------------------
Facebook: https://www.facebook.com/WorldAffairsCouncil/
Twitter: https://twitter.com/world_affairs
Website: http://www.worldaffairs.org

How do the world’s richest companies and individuals hide their earnings from taxation and conceal controversial business deals? Spearheaded by the International Consortium of Investigative Journalists (ICIJ), the ParadisePapers investigation reveals the offshore holdings of more wealthy corporations, political figures and notable names, like Apple, Nike, Queen Elizabeth II and even Nelson Mandela’s estate. The investigation sparked new calls to close tax loopholes for companies stashing profits in shell companies in island countries like Bermuda and the Cayman Islands, and raised new questions about connections between the Russian government and figures in the Trump administration. Encompassing 13.4 million records on financial holdings in 19 different jurisdictions, this cache of documents is the largest leak exposing offshore accounts, dwarfing even the Panama Papers leak in 2016.
Join us to talk with MarinaWalker Guevara, Deputy Director of the ICIJ, about the Paradise Papers project and sift through what these revelations could mean for the offshore accounts of the global elite.
SPEAKER:
Marina Walker Guevara
Deputy Director, International Consortium of Investigative Journalists
MODERATOR:
QuentinHardyHead of Editorial, Google Cloud
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1786
------------------------------------------------------------------------------------------------------
Facebook: https://www.facebook.com/WorldAffairsCouncil/
Twitter: https://twitter.com/world_affairs
Website: http://www.worldaffairs.org

published:12 Dec 2017

views:518

back

How to move your e-commerce business offshore: Nomad Capitalist on eCommerce Fuel

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the eCommerce Fuel podcast about how to move your online business offshor...

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the eCommerce Fuel podcast about how to move your online business offshore, save on taxes, and protect your privacy.
http://www.nomadcapitalist.com
What does it take to be a global entrepreneur? Andrew joins the SuccessHarbor podcast to talk about his favorite places for entrepreneurs to live, do business, and invest overseas.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the eCommerce Fuel podcast about how to move your online business offshore, save on taxes, and protect your privacy.
http://www.nomadcapitalist.com
What does it take to be a global entrepreneur? Andrew joins the SuccessHarbor podcast to talk about his favorite places for entrepreneurs to live, do business, and invest overseas.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

http://democracynow.org - "The biggest leak in the history of data journalism just went live, and it’s about corruption." That is what NSA whistleblower Edward...

http://democracynow.org - "The biggest leak in the history of data journalism just went live, and it’s about corruption." That is what NSA whistleblower Edward Snowden tweeted about the Panama Papers, which were released Sunday and reveal how the rich and powerful in numerous countries use tax havens to hide their wealth. Some 11.5 million files were leaked from one of the world’s most secretive offshore companies, Mossack Fonseca, a law firm based in Panama, and passed to the German newspaperSüddeutsche Zeitung and then pored over by the International Consortium of Investigative Journalists. The information in the files dates back to 1977 and goes up to December last year. The revelations implicate 12 heads of state and a number of other politicians, their family members and close associates, including friends of Russian PresidentVladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine. Relatives of at least eight current or former members of China’s top ruling body are also named, and today Chinese news groups were ordered to purge all mention of the Panama Papers. So far, fallout from the leaks has prompted investigations and calls for resignation. On Monday, one of the largest protests in Iceland’s history demanded Prime MinisterSigmundur Gunnlaugsson step down after the leaked files revealed he and his wife were hiding investments worth millions of dollars behind a secretive offshore company. We are joined from Munich by Frederik Obermaier, co-author of the Panama Papers story. He is an investigative reporter at Germany’s leading newspaper, the Munich-based Süddeutsche Zeitung, and co-author of the book "Panama Papers: The Story of a WorldwideRevelation," just released today in Germany. We also speak with Michael Hudson, senior editor at the International Consortium of Investigative Journalists, which published the Panama Papers.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: http://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: http://democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
Facebook: http://facebook.com/democracynow
Twitter: https://twitter.com/democracynow
YouTube: http://youtube.com/democracynow
SoundCloud: http://soundcloud.com/democracynow
DailyEmail: http://democracynow.org/subscribe
Google+: https://plus.google.com/+DemocracyNow
Instagram: http://instagram.com/democracynow
Tumblr: http://democracynow.tumblr.com
Pinterest: http://pinterest.com/democracynow
iTunes: https://itunes.apple.com/podcast/demo...
TuneIn: http://tunein.com/radio/Democracy-Now...
Stitcher Radio: http://www.stitcher.com/podcast/democ...

http://democracynow.org - "The biggest leak in the history of data journalism just went live, and it’s about corruption." That is what NSA whistleblower Edward Snowden tweeted about the Panama Papers, which were released Sunday and reveal how the rich and powerful in numerous countries use tax havens to hide their wealth. Some 11.5 million files were leaked from one of the world’s most secretive offshore companies, Mossack Fonseca, a law firm based in Panama, and passed to the German newspaperSüddeutsche Zeitung and then pored over by the International Consortium of Investigative Journalists. The information in the files dates back to 1977 and goes up to December last year. The revelations implicate 12 heads of state and a number of other politicians, their family members and close associates, including friends of Russian PresidentVladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine. Relatives of at least eight current or former members of China’s top ruling body are also named, and today Chinese news groups were ordered to purge all mention of the Panama Papers. So far, fallout from the leaks has prompted investigations and calls for resignation. On Monday, one of the largest protests in Iceland’s history demanded Prime MinisterSigmundur Gunnlaugsson step down after the leaked files revealed he and his wife were hiding investments worth millions of dollars behind a secretive offshore company. We are joined from Munich by Frederik Obermaier, co-author of the Panama Papers story. He is an investigative reporter at Germany’s leading newspaper, the Munich-based Süddeutsche Zeitung, and co-author of the book "Panama Papers: The Story of a WorldwideRevelation," just released today in Germany. We also speak with Michael Hudson, senior editor at the International Consortium of Investigative Journalists, which published the Panama Papers.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: http://democracynow.org
Please consider supporting independent media by making a donation to Democracy Now! today: http://democracynow.org/donate
FOLLOW DEMOCRACY NOW! ONLINE:
Facebook: http://facebook.com/democracynow
Twitter: https://twitter.com/democracynow
YouTube: http://youtube.com/democracynow
SoundCloud: http://soundcloud.com/democracynow
DailyEmail: http://democracynow.org/subscribe
Google+: https://plus.google.com/+DemocracyNow
Instagram: http://instagram.com/democracynow
Tumblr: http://democracynow.tumblr.com
Pinterest: http://pinterest.com/democracynow
iTunes: https://itunes.apple.com/podcast/demo...
TuneIn: http://tunein.com/radio/Democracy-Now...
Stitcher Radio: http://www.stitcher.com/podcast/democ...

The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
...

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment o...

The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black?
This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada.
Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to believe was seeking to launder the proceeds of corruption.
SPEAKERS
EDWARD DAVIS, JR. Founding Shareholder, AstigarragaDavis (Miami)
SHAUNA LEVEN Director of Anti-Corruption Campaigns, Global Witness (London)
JESSE DRUCKER Investigative Reporter, Bloomberg News (New York)
JAMES BARNACLE Chief of Money LaunderingUnit, FBI (New York)
PETER COTORCEANU Of Counsel, Anaford AG (Switzerland)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/02%20Hypocrisy%20USA-%20The%20Country's%20Role%20as%20a%20Money%20Laundering%20Center%20and%20Offshore%20Tax%20Haven.pdf

The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black?
This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada.
Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to believe was seeking to launder the proceeds of corruption.
SPEAKERS
EDWARD DAVIS, JR. Founding Shareholder, AstigarragaDavis (Miami)
SHAUNA LEVEN Director of Anti-Corruption Campaigns, Global Witness (London)
JESSE DRUCKER Investigative Reporter, Bloomberg News (New York)
JAMES BARNACLE Chief of Money LaunderingUnit, FBI (New York)
PETER COTORCEANU Of Counsel, Anaford AG (Switzerland)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/02%20Hypocrisy%20USA-%20The%20Country's%20Role%20as%20a%20Money%20Laundering%20Center%20and%20Offshore%20Tax%20Haven.pdf

Inside the Secretive World of Tax-Avoidance Experts

A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it,...

A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions.
SPEAKERS
BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf

A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions.
SPEAKERS
BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf

How the Rich Beat the Taxman (2010)

With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the govern...

With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the government.
George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us?
Barnett visits a number of offshore tax havens around the world still under control of Britain, including the Cayman Islands and the British Virgin Islands, to find out more about tax avoidance ploys.
http://www.thedossier.info/
https://twitter.com/theDossier_info

With more than 20 millionaires in the UK cabinet, reporter Antony Barnett examines the financial affairs of some ministers and others who have helped the government.
George Osborne says 'we're all in this together' but are ministers and top Tories paying the same rates of tax as the rest of us?
Barnett visits a number of offshore tax havens around the world still under control of Britain, including the Cayman Islands and the British Virgin Islands, to find out more about tax avoidance ploys.
http://www.thedossier.info/
https://twitter.com/theDossier_info

Why a Competitive Tax System is a Bad Tax System - Nicholas Shaxson

AuthorNicholas Shaxson delivers a talk all about the dangerous fallacy of competing tax rates: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offsh...

AuthorNicholas Shaxson delivers a talk all about the dangerous fallacy of competing tax rates: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offshore-onshore-or-mid-shore-financial-centres
Nicholas Shaxson, author of Treasure islands, ventures into the lions' den to deliver his lecture on why a 'competitive tax rate' is a term of economic illiteracy. Mr Shaxson shows how this term has been misused and perverted to apply the microeconomic tenets to the macroeconomic scale even as it ignores fundamentals of tax as part of a nation's economy. A challenging lecture that highlights many important issues in finance today.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offshore-onshore-or-mid-shore-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

AuthorNicholas Shaxson delivers a talk all about the dangerous fallacy of competing tax rates: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offshore-onshore-or-mid-shore-financial-centres
Nicholas Shaxson, author of Treasure islands, ventures into the lions' den to deliver his lecture on why a 'competitive tax rate' is a term of economic illiteracy. Mr Shaxson shows how this term has been misused and perverted to apply the microeconomic tenets to the macroeconomic scale even as it ignores fundamentals of tax as part of a nation's economy. A challenging lecture that highlights many important issues in finance today.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/saving-havens-offshore-onshore-or-mid-shore-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege

TAXES FOR DIGITAL NOMADS | INTERVIEW WITH THE NOMAD CAPITALIST

Today, I'm excited to welcome Andrew Henderson from the Nomad Capitalist to talk about all things taxes and offshore strategy for digital nomads.
I'm been foll...

Today, I'm excited to welcome Andrew Henderson from the Nomad Capitalist to talk about all things taxes and offshore strategy for digital nomads.
I'm been following up with Andrew since the start of the year and finally we meet in Belgrade to talk about your concerns regarding taxes.
To read more about offshore strategy and get in contact with Andrew, visit http://www.nomadcapitalist.com/
or to learn more about getting started as nomad, click the following link to grab my guide to location independence for free
http://christhefreelancer.com/free-guide
———————————————————————————
My Essential Equipment
Canon G7X - http://amzn.to/2aIXr1Q
Joby GorillaPod SLRZoom - http://amzn.to/2aIY37I
Manfrotto Tripod - http://amzn.to/2aHHjdS
———————————————————————————
Find me on...Facebook at https://www.facebook.com/christhefreelancer
Twitter at https://twitter.com/ChrisRDodd
Instagram at https://www.instagram.com/christhefreelancer
Vimeo at https://vimeo.com/christopherrdodd
Blog at http://www.christhefreelancer.com/
Snapchat as christhefree
Love what I'm doing? Make a pledge
https://www.patreon.com/christhefreelancer

Today, I'm excited to welcome Andrew Henderson from the Nomad Capitalist to talk about all things taxes and offshore strategy for digital nomads.
I'm been following up with Andrew since the start of the year and finally we meet in Belgrade to talk about your concerns regarding taxes.
To read more about offshore strategy and get in contact with Andrew, visit http://www.nomadcapitalist.com/
or to learn more about getting started as nomad, click the following link to grab my guide to location independence for free
http://christhefreelancer.com/free-guide
———————————————————————————
My Essential Equipment
Canon G7X - http://amzn.to/2aIXr1Q
Joby GorillaPod SLRZoom - http://amzn.to/2aIY37I
Manfrotto Tripod - http://amzn.to/2aHHjdS
———————————————————————————
Find me on...Facebook at https://www.facebook.com/christhefreelancer
Twitter at https://twitter.com/ChrisRDodd
Instagram at https://www.instagram.com/christhefreelancer
Vimeo at https://vimeo.com/christopherrdodd
Blog at http://www.christhefreelancer.com/
Snapchat as christhefree
Love what I'm doing? Make a pledge
https://www.patreon.com/christhefreelancer

Tax Havens 101: the High Cost of Going Offshore

What are offshore tax havens, who uses them, and how do they work? Find out in our explainer, and get the full story at icij.org/offshore.
Written by Kimberley Porteous and MarinaWalker Guevara, with Scott Higham. Animations by Sohail Al-Jamea and PattersonClark.

3:00

Paradise Papers: How tax havens work and why they are a problem

Tax havens and offshore accounts and trusts, detailed in the Paradise Papers, are used by ...

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

16:50

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meeti...

The Bizarre Economics of Tax Havens and Pirate Banking: James S. Henry at TEDxRadboudU 2013

James S. Henry introduces a hot topic: offshore banking. The G8 and G20 are planning meetings to discuss it. Even the Netherlands is a tax haven for certain types of companies. The huge amount of numbers and graphs tells us that we are confronted with nothing less than a global tax haven industry. For example, Apple makes 100 billion dollars a year of tax free profits because of the games private bankers know how to play.
In medieval times people couldn't hide their wealth when tax collectors came to inventory it. Nowadays they can. It is said that 64 percent of the global profits are parked offshore, for an important part by multinationals from the first world.
The third world is the victim of this practise. An example from the banana industry: exporting a banana from the Cayman Islands costs 13 pence. When it arrives in the UK to be consumed, the costs have grown to 60 pence. All of this money goes to other parties than the Cayman Islands.
Because of the tax havens, countries from the Third World are not able to receive the tax incomes they are entitled to. Henry even concludes that the debt problem of the third world is not a debt problem, but a tax problem. Both amount to almost the same.
About TEDx
In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

https://democracynow.org - Examining the ParadisePapers, The Guardian reports seven Republican super-donors mentioned in the papers stored some of their fortunes offshore, beyond the reach of public scrutiny and tax authorities. Together, the billionaires pumped more than $350 million into the 2016 election. Some are well-known backers of conservative causes, like casino magnate Sheldon Adelson and Charles and David Koch. Another investigation focuses on Democratic donor James Simons, who spent $11 million to back Hillary Clinton’s 2016 presidential campaign. Simons is the founder of Renaissance Technologies, the world’s most profitable hedge fund. Leaked records show he kept much of his $8 billion fortune in an offshore private wealth fund in Bermuda in order to avoid “particularly severe” taxes that would be triggered if he tried to bring the funds onshore. We speak with Jon Swaine, senior reporter for The Guardian.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: https://democracynow.org
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5:48

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

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Heads of state, former heads of state, heads ...

Top 10 Offshore Tax Havens You Can Still Stash Your Cash

Get more Tips here! www.destinationtips.com
Heads of state, former heads of state, heads of government, former heads of government, relatives and associates of government officials (as well as a fair share of celebrities) have all been exposed for hiding money in offshore accounts.
Here is a list of the top 10 Biggest Tax Havens in the World.
(Ranking is based on a combination of its secrecy score and scale weighting)
#10 United Arab Emirates
One of the world’s best known tax havens or secrecy jurisdictions.It has a low-tax environment and a complex array of free trade zones with multiple secrecy facilities and lax enforcement.
A large slice of the inbound money comes in the form gold.
SecrecyScore: 77%
Tax HavenStatus: Tiny
#9 Bahrain
An island of hospitality to banks and businesses and also one of the biggest global centers for Islamic finance. There is no corporate income tax, personal income tax or capital gains tax. Bahrain also has a wide network of tax treaties with a number of developing countries.
Secrecy Score: 74%
Tax Haven Status: Small
#8 Germany
Between $2.81 to $3.38 trillion of tax exempt interest-bearing assets held by non-residents as of August 2013. Germany does not sufficiently exchange tax-related information with a multitude of other jurisdictions and despite recent progress with its anti-money laundering framework, major loopholes and many implementation deficits still exist
Secrecy Score: 56%
Tax Haven Status: Huge but Shifty
#7 Lebanon
Many members of the population are high-net worth individuals. Beirut’s offshore financial services sector has been growing at an average of nearly 12 percent per year since 2006. Lebanon’s political and military troubles over recent decades have disrupted the offshore financial sector, but it has proved astonishingly resilient.
Secrecy Score: 79%
Tax Haven Status: Small and Secure
#6 Luxembourg
The most important private banking and wealth management center in the Eurozone.
It has 143 banks holding almost $800 billion in assets, over $300 billion of which are in the secretive private banking sector and is a center of lax financial regulation and is still one of the world’s most important financial centers.
Breaking professional secrecy can result in a prison sentence
Secrecy Score: 55%
Tax Haven Status: Huge
#5 The Cayman Islands
Banking assets worth $1.4 trillion in June 2014.
Hoststing over 11,000 mutual and other funds with a net asset value of $2.1 trillion.
It has 200 banks, over 140 trust companies and over 95,000 registered companies and retains many secrecy features plus laws that can put people in jail not only for exposing confidential information, but merely for asking for it.
Secrecy Score: 65%
Tax Haven Status: Aggressively Protective
#4 SingaporeA major wealth management center, with $1.4 trillion in assets under management in 2013.
In 2014 it become Asia’s largest foreign exchange trading center.
It hosts a lack of serious reforms to its corporate secrecy regime and a lack of interest in creating public registries of beneficial ownership.
Secrecy Score: 69%
Tax Haven Status: Intentionally Blind?
#3 USAThe U.S. has led the charge in combating international tax evasion using offshore financial accounts. However, the U.S. also provides a multitude of secrecy and tax-free facilities for non U.S. residents
It's one of the few places left where advisers are actively promoting accounts that will remain secret from overseas authorities.
Secrecy Score: 60%
Tax Haven Status: Ironic
#2 Hong Kong
Hong Kong has the second largest stock exchange in Asia after Tokyo with $2.1 trillion under management in April 2015 and over $350 billion in private banking assets.
China’s control over Hong Kong has shielded it from global transparency initiatives.
It also has not signed the multilateral agreement to initiate automatic information exchange via the CRS.
Secrecy Score: 72%
Tax Haven Status: See-No-Evil
#1 Switzerland
Switzerland is the grandfather of the world’s tax havens, known to have introduced Banking Secrecy Laws as far back as 1934
However, in 2010, the US enacted the Foreign Account Tax Compliance Act and the Swiss government was ultimately forced to bow to US pressure
In 2013, the US government signed a tax treaty that calls for Swiss banks to provide details on their American account holders
Secrecy Score: 73%
Tax Haven Status: BOSS

13:27

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, in...

Paradise Papers: Tax haven secrets of ultra-rich exposed - BBC News

A huge new leak of financial documents has revealed how the powerful and ultra-wealthy, including the Queen's private estate, secretly invest vast amounts of cash in offshore tax havens.
Donald Trump's commerce secretary is shown to have a stake in a firm dealing with Russians sanctioned by the US.
The leak, dubbed the ParadisePapers, contains 13.4m documents, mostly from one leading firm in offshore finance.
BBC Panorama is part of nearly 100 media groups investigating the papers.
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5:02

How the rich are putting money in offshore tax havens

From Her Majesty the Queen’s estate to a top US official, from a leading football club to ...

How the rich are putting money in offshore tax havens

From Her Majesty the Queen’s estate to a top US official, from a leading football club to a rock star who campaigns against poverty.
They are all accused of investing vast sums of money in offshore havens, thus – perfectly legally – avoiding UK tax.
The Labour leaderJeremy Corbyn called for an inquiry into all the ParadisePapers revelations. But the government insist they are already taking action – collecting more offshore tax than Labour did when it was in power.

Part of the gift of the leaked ParadisePapers.
A set of leaked documents from offshore law firm Appleby has revealed that Apple stashed $250 billion in Jersey, a tiny island off the coast of France known for being a tax haven. The tech titan apparently secretly moved its pile of overseas profits to the island after the US and various European governments cracked down on the tax strategy it's been employing since the 1980's. Apple used to rely on an arrangement called the "double Irish," which took advantage of Ireland's business-friendly tax policies.
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KPMG offshore tax dodge

A former client of the accounting giant KPMG says a tax dodge that involved wealthy people gifting their money to an offshore jurisdiction was a 'facade' designed to hide money from the taxman
Click here for the full story: http://www.cbc.ca/1.4006469
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KPMG allegedly involved in offshore tax "sham"

Tax officials allege the accounting giant crafted an offshore scheme to let rich Canadians avoid tax. We investigate how it works and why it's being kept under wraps.
Click here for the full story: http://www.cbc.ca/1.3234876
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In this video, I compare a company incorporated in Estonia (via the e-Residency program) with a typical offshore company/business in a tax haven (HK, Singapore, BVI)
Specifically, I cover
- Tax costs of both models (Income Tax, Capital Gains Tax, Withholding Tax)
- Privacy Benefits (using trustees, tax reporting requirements)
- Banking options!
As always, if you have a question about offshore companies/banking or e-Residency, post in the comments below!

KPMG and Tax Havens for the Rich : The Untouchables - the fifth estate

A story of money, secrecy and greed: a tax dodge for the wealthy dreamed up by one of the biggest accounting giants in the world
KPMGCanada devised what it called an “OffshoreCompanyStructure” for a select group of rich clients: they would claim to give away millions of dollars to a shell company supposedly out of their control and therefore wouldn’t have to pay taxes on it.
In theU.S., top KPMG officials were convicted of tax evasion schemes concocted there. But in Canada, a different scheme led to a secret amnesty deal with the Canada Revenue Agency.
A federal government inquiry vowing to get to the bottom of it went nowhere
What was the accounting firm trying to hide?
With revelations from industry insiders, internal KPMG documents and corporate records from the Isle of Man offshore tax haven, we expose the details of the scheme and unveil the names of some of the wealthy clients.
A joint investigation by the fifth estate and Radio-Canada’s Enquete program
---
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About the fifth estate : For four decades the fifth estate has been Canada's premier investigative documentary program. Hosts Bob McKeown, Gillian Findlay and Mark Kelley continue a tradition of provocative and fearless journalism. the fifth estate brings in-depth investigations that matter to Canadians – delivering a dazzling parade of political leaders, controversial characters and ordinary people whose lives were touched by triumph or tragedy.

25:05

Inside Story - Taking on the tax havens

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A new report has now revealed that som...

Inside Story - Taking on the tax havens

Subscribe to our channel http://bit.ly/AJSubscribe
A new report has now revealed that some of the world's richest people have more than $30 trillion stashed in offshore assets, having exploited gaps in cross-border tax rules to move money overseas. Research commissioned by the campaign group Tax Justice Network says the value is as much as the gross domestic products of the US and Japan combined. Should tax havens be allowed to exist? Guests: Jean-Pierre Diserens, Myret Zaki, Sony Kapoor.
At Al Jazeera English, we focus on people and events that affect people's lives. We bring topics to light that often go under-reported, listening to all sides of the story and giving a 'voice to the voiceless.'
Reaching more than 270 million households in over 140 countries across the globe, our viewers trust Al Jazeera English to keep them informed, inspired, and entertained.
Our impartial, fact-based reporting wins worldwide praise and respect. It is our unique brand of journalism that the world has come to rely on.
We are reshaping global media and constantly working to strengthen our reputation as one of the world's most respected news and current affairs channels.
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For decades, presidents, drug smugglers and criminals have used a Panamanian law firm to hide their accounts and valuables. This is revealed in documents reviewed by media partners around the world, including NDR and WDR. A total of 370 journalists from 78 countries evaluated around 11.5 million documents in the course of their reporting on the “PanamaPapers.” An anonymous source provided the data to Germany’s Süddeutsche Zeitung. The paper then shared it with the International Consortium of Investigative Journalists (ICIJ) and partners across the globe, including NDR and WDR.
http://www.daserste.de

Mini Law School - Invisible Riches: Offshore Tax Evasion and the Global Crackdown

Recent studies of international banking data suggest that a staggering amount of global financial wealth (between $US 10 and 20 trillion) is held in "offshore financial centres" or "tax havens", with over $US 5 trillion of such financial wealth being unreported or unidentified. This is despite the fact that governments and international organizations, including the OECD and G20, have aggressively targeted offshore tax evasion since the 2008 financial crisis, with the G20 declaring in 2009 that "the era of banking secrecy is over".
In this lecture we will explore the following questions:
* What is the nature of the international tax evasion problem, particularly for Canada?
* How has the Canadian government enhanced our tax laws and treaty networks to stem the outflow of money?
* Is the Canada Revenue Agency doing anything to bring tax evaders to justice? (or is that the job of the CBC?)
* Is the era of banking secrecy really over?
Presented by ProfessorGeoffrey Loomer, Schulich School of Law on February 12, 2014.MINILAW SCHOOL is a free series of engaging public lectures that will give you a taste of what a legal education is all about. There's no cost to attend - and better still, no tests to write - just come with a curious ear to listen to fascinating lectures from some of the law school's most talented faculty.
For more information, visit our website: dal.ca/law
Thanks for watching!

How do the world’s richest companies and individuals hide their earnings from taxation and conceal controversial business deals? Spearheaded by the International Consortium of Investigative Journalists (ICIJ), the ParadisePapers investigation reveals the offshore holdings of more wealthy corporations, political figures and notable names, like Apple, Nike, Queen Elizabeth II and even Nelson Mandela’s estate. The investigation sparked new calls to close tax loopholes for companies stashing profits in shell companies in island countries like Bermuda and the Cayman Islands, and raised new questions about connections between the Russian government and figures in the Trump administration. Encompassing 13.4 million records on financial holdings in 19 different jurisdictions, this cache of documents is the largest leak exposing offshore accounts, dwarfing even the Panama Papers leak in 2016.
Join us to talk with MarinaWalker Guevara, Deputy Director of the ICIJ, about the Paradise Papers project and sift through what these revelations could mean for the offshore accounts of the global elite.
SPEAKER:
Marina Walker Guevara
Deputy Director, International Consortium of Investigative Journalists
MODERATOR:
QuentinHardyHead of Editorial, Google Cloud
For more information about this event please visit: http://www.worldaffairs.org/event-calendar/event/1786
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36:06

How to move your e-commerce business offshore: Nomad Capitalist on eCommerce Fuel

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the...

How to move your e-commerce business offshore: Nomad Capitalist on eCommerce Fuel

http://www.nomadcapitalist.com
Andrew Henderson of Nomad Capitalist is interviewed on the eCommerce Fuel podcast about how to move your online business offshore, save on taxes, and protect your privacy.
http://www.nomadcapitalist.com
What does it take to be a global entrepreneur? Andrew joins the SuccessHarbor podcast to talk about his favorite places for entrepreneurs to live, do business, and invest overseas.
-----
ABOUT NOMAD CAPITALIST
Andrew Henderson travels to nearly 30 countries every year to stay up to date on the latest legal strategies for entrepreneurs and investors to pay less tax, grow their money faster, and build their personal freedom.
Andrew started Nomad Capitalist to help people like you follow his five magic words: "go where you're treated best". He has personally started foreign companies, opened offshore bank accounts, and obtained multiple second passports.
He also learned the hard way that perpetual information seeking is often the biggest barrier to getting the results you want. Many entrepreneurs spend months and even years constantly researching how to pay less in tax or live overseas, but are afraid to make the jump.
As a result, they get stuck and keep paying a fortune in taxes and never get the lifestyle they deserve.
Nomad Capitalist's Youtube channel is based on Andrew's vision that focusing on the end result, rather than the latest shiny object, is the best way to actually obtain the benefits of the Nomad Capitalist lifestyle.
About Andrew: http://www.nomadcapitalist.com/about/
Our website: http://www.nomadcapitalist.com
Our blog: http://www.nomadcapitalist.com/blog/
Work with Andrew: http://www.holanomad.com/

59:55

Panorama - Britains Offshore Secrets Exposed

Part 2 of Panorama - Britains Offshore Secrets Exposed, originally shown on the 06/11/2017...

http://democracynow.org - "The biggest leak in the history of data journalism just went live, and it’s about corruption." That is what NSA whistleblower Edward Snowden tweeted about the Panama Papers, which were released Sunday and reveal how the rich and powerful in numerous countries use tax havens to hide their wealth. Some 11.5 million files were leaked from one of the world’s most secretive offshore companies, Mossack Fonseca, a law firm based in Panama, and passed to the German newspaperSüddeutsche Zeitung and then pored over by the International Consortium of Investigative Journalists. The information in the files dates back to 1977 and goes up to December last year. The revelations implicate 12 heads of state and a number of other politicians, their family members and close associates, including friends of Russian PresidentVladimir Putin, relatives of the prime ministers of Britain, Iceland and Pakistan, and the president of Ukraine. Relatives of at least eight current or former members of China’s top ruling body are also named, and today Chinese news groups were ordered to purge all mention of the Panama Papers. So far, fallout from the leaks has prompted investigations and calls for resignation. On Monday, one of the largest protests in Iceland’s history demanded Prime MinisterSigmundur Gunnlaugsson step down after the leaked files revealed he and his wife were hiding investments worth millions of dollars behind a secretive offshore company. We are joined from Munich by Frederik Obermaier, co-author of the Panama Papers story. He is an investigative reporter at Germany’s leading newspaper, the Munich-based Süddeutsche Zeitung, and co-author of the book "Panama Papers: The Story of a WorldwideRevelation," just released today in Germany. We also speak with Michael Hudson, senior editor at the International Consortium of Investigative Journalists, which published the Panama Papers.
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 8-9AM ET: http://democracynow.org
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The Future of International Financial Centres - Richard Hay

Richard Hay presents the case for the necessity of offshore centres: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Richard Hay presents the case for the importance, and especially the trustworthiness, of InternationalFinancial Centres. Whilst looking at the specific functions and roles that these centres occupy, he posits exactly what the world at large has to learn from them, and what they stand to lose without them. This is the second lecture from the LongFinanceSpringConference 2014.
With three nearby Crown Dependencies and six overseas territories promoting themselves as 'international financial centres', the UK seems to value offshore centres. Yet during current financial crises these havens are easy scapegoats. At the 2011G20Summit in Cannes, PresidentNicolas Sarkozy stated, "We don't want any more tax havens. Our message is clear, countries that remain tax havens ... will be shunned by the international community". But do these centres add value? And what of onshore havens such as Delaware, Monaco, Luxembourg ... London? This symposium will explore the good, the bad and the ugly -- savings, crimes and tax. We will look at how offshore centres do add value, their dangers and how things might evolve to something, perhaps "mid-shore".
The transcript and downloadable versions of the lecture are available from the Gresham College Website: http://www.gresham.ac.uk/lectures-and-events/the-future-of-international-financial-centres
Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 1,500 lectures free to access or download from the website.
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The United States routinely takes the moral high ground when accusing offshore jurisdictions of facilitating money laundering and tax evasion to the detriment of the world's major countries and the global economy in general. But is it a case of the pot calling the kettle black?
This session will look at the involvement of the USA, its banks, attorneys, corporate agents, realtors and others in providing services to money launderers and tax evaders, contributing to property booms in cities like New York and Miami and economic booms in states like Delaware and Nevada.
Evidence provided will include a hidden-camera investigation by Global Witness into whether attorneys in New York were prepared to set up anonymous accounts to conceal the identity of a prospective client who they were led to believe was seeking to launder the proceeds of corruption.
SPEAKERS
EDWARD DAVIS, JR. Founding Shareholder, AstigarragaDavis (Miami)
SHAUNA LEVEN Director of Anti-Corruption Campaigns, Global Witness (London)
JESSE DRUCKER Investigative Reporter, Bloomberg News (New York)
JAMES BARNACLE Chief of Money LaunderingUnit, FBI (New York)
PETER COTORCEANU Of Counsel, Anaford AG (Switzerland)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/02%20Hypocrisy%20USA-%20The%20Country's%20Role%20as%20a%20Money%20Laundering%20Center%20and%20Offshore%20Tax%20Haven.pdf

1:25:09

Inside the Secretive World of Tax-Avoidance Experts

A behind-the-scenes, eye-witness account of the international wealth management profession...

Inside the Secretive World of Tax-Avoidance Experts

A behind-the-scenes, eye-witness account of the international wealth management profession from a sociologist who has spent the last eight years researching it, during which time she trained to become a wealth manager and visited 18 offshore jurisdictions.
SPEAKERS
BROOKE HARRINGTON Associate Professor, Copenhagen Business School (Denmark)
PowerPoint: http://www.offshorealert.com/uploadedFiles/Events/OffshoreAlert_Conferences/2016/miami/01%20Inside%20the%20Secretive%20World%20%20of%20Tax-Avoidance%20Experts.pdf

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TAXES FOR DIGITAL NOMADS | INTERVIEW WITH THE NOMA...

Gizmodo reported on Wednesday that a former Google engineer is suing the company for discrimination, harassment, retaliation, and wrongful termination ...Chevalier's posts had been quoting in Damore's lawsuit against Google, who is also suing the company for alleged discrimination against conservative white men ... “Firing the employee who pushed back against the bullies was exactly the wrong step to take.” ... But the effect is the same....

The woman tasked with caring for accused Florida shooter Nikolas Cruz and his brother have moved quickly to file court papers seeking control of their inheritance the day after the massacre at Majory Stoneman Douglas High School, Newsweek reported. When the mother of Nikolas and Zachary Cruz died from flu-related pneumonia last November, their lives were entrusted to Roxanne Deschamps, the report said....

OSLO. Sea levels will rise between 0.7 and 1.2 metres in the next two centuries even if governments end the fossil fuel era as promised under the Paris climate agreement, scientists said on Tuesday ...Ocean levels will rise inexorably because heat-trapping industrial gases already em­­itted will linger in the atmosphere, melting more ice, it said. In addition, water naturally expands as it warms above four degrees Celsius (39.2F) ... ....

Special CounselRobert Mueller's probe is prepared to accept a guilty plea from the London-based son-in-law of a Russian businessman after he made false statements during the investigation into alleged Russian interference in the 2016 U.S. presidential election, according to the Washington Post... Tymoshenko was later imprisoned by former president Viktor Yanukovych after signing a controversial deal with Russia for natural gas ... U.S ... U.S....

Article by WN.Com Correspondent Dallas DarlingTo this day it’s something my aunt hardly mentions, let alone discusses. And like a few other families living in the United States, it’s taboo and completely off limits ... Neither was it as widespread, since Japan had nearly conquered most of East Asia including parts of China. But still, U.S ... authorities continued the comfort station system absent formal slavery ... The U.S ... military authorities ... ....

Rep ...Matt Strickler, Democratic Gov ... “There is no upside ... Miles Morin, executive director of the Virginia Petroleum Council, part of the American Petroleum Institute, scoffed at the notion that offshore drilling might interfere with military operations ... "Everything," she said, when asked what worries her about offshore drilling, from the seismic surveying that can hurt marine mammals to the threat posed by man-made climate change ... ....

The Thomson Reuters/HKEXGlobalCNH index, which tracks the offshore yuan against a basket of currencies on a daily basis, stood at 97.17, firmer than the previous day's 96.99 ... The offshore yuan was trading 0.14 percent stronger than the onshore spot at 6.3393 per dollar. Offshore one-year non-deliverable forwards contracts (NDFs), considered the ......

Chip Kline, deputy director of the Governor's Office of Coastal Activities, told authority members on Wednesday that the Trump administration also has agreed to keep the GOMESA money in its proposed 2019 federal budget, after recommending that the program be killed, and all of the Gulf offshore money be returned to the federal treasury, as part of its 2018 budget proposal....

Between its offshore and onshore services, TechnipFMC relies on constant strong levels of activity in order to drive its results, and the volatility in energy markets hasn't provided the stability that investors prefer to see ... The onshore/offshore segment's top line fell 2%, but the unit reversed a year-earlier operating loss by posting a much more substantial operating profit....